Justin Wolfers
@justinwolfers
Optimism is not a policy tool. If there’s no clear timeline for resolution, energy markets will price in uncertainty. And uncertainty is costly because firms can’t plan and households can’t budget.
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Optimism is not a policy tool. If there’s no clear timeline for resolution, energy markets will price in uncertainty. And uncertainty is costly because firms can’t plan and househo...
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“There is no price tag in the economy as tall as gas prices, and that you pass as often.” Visibility matters. Economics isn't just about prices; it's about attention. Gas prices shape how people feel about the economy because they're impossible to ignore.
Courts saying “go to Congress” is not courts banning tariffs. It’s courts saying the Constitution still exists. That matters for markets too: the rule of law lowers uncertainty; arbitrary power raises it.
"If we don't have immigration and population growth, the number of people who can pay off that debt just went down." That's the key mechanism.
The economy right now is doing that thing where it says “I’m fine” while white-knuckling the steering wheel and taking 8 attempts to parallel park.
Pete Hegseth’s focused on the cost of the bomb. I’m more interested in the size of the economic crater. And that crater may be 10 to 100 times larger. For many families, that translates into thousands — perhaps tens of thousands — of dollars.
Private credit now wants retail money: because apparently the lesson from finance was, 'What if we made shadow banking available in family size?'
This isn’t just about who gets a tax cut. It’s about who bears the long-run burden. Higher prices for basics plus temporary relief is a rotten deal for working households.
The lesson here isn’t just about phones in schools. It’s about human behavior: Take something away, and people usually replace it with something else. Economists call this substitution.
The striking claim here isn’t just that AI is useful. It’s that it may be ‘industrial revolution’ scale. If that’s even half right, the issue isn’t one occupation. It’s how work gets reorganized across the economy.
Think of an oil shock like a stone tossed in a pond. First splash: gasoline. Then the ripples: airfares, delivery costs, packaging, groceries, construction materials. The ripples are real. Just give them a moment to spread.
You care about landfill but what does that look like when building? Waste minimization is linked to planning, choice and accountability. Have you thought about landfill in the context of your build? #architecture #smarthomes
🔻ABOLISH NATO ‼️ 🔻US EMPIRE terrorizes the globe‼️ IG: @ vocalpolitics Jeffrey Sachs ➡️ Washington favors dominance over diplomacy & treats allied states as extensions of its power: 🔲 “Look, if you have a US military base, you're not a sovereign country“
Lisa Nandy thinks you're stupid, suggesting that an 8% bump in GDP by rejoining the EU won't help address inequality across the country Labour literally doing everything they can to get economic growth, to improve the country, but repeatedly rejecting the one thing that will drive economic growth
Im Fellner-TV sind mittlerweile auch die letzten Tabus gebrochen und jede Grenze des guten Geschmacks meilenweit überschritten. Gerald Grosz darf live auf Sendung queere Menschen verhöhnen – und seine menschenverachtenden Parolen anschließend auf seinen Social-Media-Kanälen weiterverbreiten.
Poisoned & burned: How Canada turned soldiers into lab rats From 1941 to 1989, for nearly 50 years at Alberta’s Suffield Experimental Station, about 4,000 Canadian military volunteers- mostly young, low-ranking soldiers- were exposed to chemical warfare agents in secret defensive trials.
Maria En España se está dando un golpe de Estado incruento desde el 2023 para derribar al Gobierno. Jueces, medios y aparatos de poder actuando coordinadamente mientras PP y Vox esperan llegar al poder para tapar su corrupción y controlar TVE. Quién no lo vea a estas alturas está ciego
Lumen Technologies has agreed to acquire Alkira, a cloud-native networking platform that enables enterprises to manage connectivity across hybrid and multi-cloud environments. #TFDRundown #Lumen #Alkira #CloudNative #Multicloud #Networking #HybridCloud
A man is in custody after deputies with the Charlotte County Sheriff's Office say a search warrant at an Englewood home revealed several pounds of cocaine and marijuana, cash, guns and more. More: https://www.gulfcoastnewsnow.com/article/charlotte-cocaine-guns-drugs-home-raid-arrested/71364507
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I didn’t vote for the social media ban; the real issue has always been tech companies allowing harmful behaviour to run rampant on their platforms. But with the ban in place, the Govt mustn’t forget to ensure social media platforms also clean up their act. #auspol #politas
🟡CAUTION🟡 Newgarden is out! Just a touch of the inside corner coming back to green and into the wall he goes! #Indycar #Indy500
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I congresswoman Stansbury let us know what Republicans agenda for Project 2025! A message we got to learn from her!
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See you again someday-you beautiful Japanese 1980 magic machine. You could do it all. Unfortunately your complete awesomeness sucks a time hole in man's life who's trying to open a business.
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It was never about HAMAS & now as Israel opening admits to its land grabbing the #EU @ec.europa.eu does NOTHING. Stop the #doublestandard🇷🇺🇮🇱/COMPLICITY. SUSPEND the EU-ISRAEL ASSOCIATION AGREEMENT… @kajakallas.bsky.social @vonderleyen.ec.europa.eu @eucopresident.consilium.europa.eu @reuters.com
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A warrant canary you can't gag order, because nothing is being said. The CPU measures the code, signs it, and refuses to run if it's been tampered with. Full conversation in the thread 👇 #privacy #encryptedemail
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You’re not alone. We’re here for you with resources, support, and care. Learn more at miamidade.gov/hivsupport.
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Wiener Sängerknaben Theologe Thiel: “The Antichrist copies Christ.” “Pretends to be greater than Christ.” “Hyper-Christian. Ultra-Christian.” “And then, ultimately, deeply anti-Christian.”
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Power Transfer Command Now! This will always be a Weird Way to Get a Power Up if you ask me The VR Trooper method of Recharging another Trooper when their Power levels are low is interesting One thing about certain series that amuses me is things like this seen one or two times then never again
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